Synergy Asset Management LLC Buys 11,015 Shares of Invesco QQQ $QQQ

Synergy Asset Management LLC boosted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 379.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 13,919 shares of the exchange traded fund’s stock after purchasing an additional 11,015 shares during the quarter. Invesco QQQ makes up approximately 1.0% of Synergy Asset Management LLC’s investment portfolio, making the stock its 29th biggest position. Synergy Asset Management LLC’s holdings in Invesco QQQ were worth $10,250,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of QQQ. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Invesco QQQ by 35.4% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 160,415 shares of the exchange traded fund’s stock valued at $118,130,000 after buying an additional 41,903 shares during the period. J. L. Bainbridge & Co. Inc. raised its position in shares of Invesco QQQ by 0.4% during the second quarter. J. L. Bainbridge & Co. Inc. now owns 4,354 shares of the exchange traded fund’s stock worth $3,206,000 after acquiring an additional 16 shares during the last quarter. My Personal CFO LLC lifted its stake in shares of Invesco QQQ by 0.6% during the second quarter. My Personal CFO LLC now owns 14,401 shares of the exchange traded fund’s stock valued at $10,605,000 after acquiring an additional 91 shares during the period. Braeburn Wealth Management LLC lifted its stake in shares of Invesco QQQ by 13.2% during the second quarter. Braeburn Wealth Management LLC now owns 57,603 shares of the exchange traded fund’s stock valued at $42,421,000 after acquiring an additional 6,709 shares during the period. Finally, Romano Brothers AND Company boosted its holdings in Invesco QQQ by 1.1% in the second quarter. Romano Brothers AND Company now owns 2,620 shares of the exchange traded fund’s stock valued at $1,929,000 after acquiring an additional 29 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Down 0.1%

Invesco QQQ stock opened at $731.07 on Friday. The business’s 50-day simple moving average is $713.13 and its 200 day simple moving average is $664.89. Invesco QQQ has a 12-month low of $555.60 and a 12-month high of $748.65.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 22nd were given a dividend of $0.8135 per share. This represents a $3.25 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, June 22nd. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.73.

Invesco QQQ News Roundup

Here are the key news stories impacting Invesco QQQ this week:

• Positive Sentiment: Cooling inflation and weaker labor-market data have reduced expectations for additional Federal Reserve rate hikes. Lower-rate expectations generally support QQQ’s technology and other growth-oriented holdings by improving the outlook for future earnings valuations. However, geopolitical risks around the Strait of Hormuz could keep oil prices and inflation volatile. Cooling Inflation Likely to Aid These ETF Areas
• Positive Sentiment: Exchange-traded funds were broadly higher before Friday’s opening, with investors awaiting retail-sales data. A constructive broader-market tone provided some support for QQQ, although mixed equity futures limited the follow-through. Exchange-Traded Funds Higher, Equity Futures Mixed Pre-Bell Friday Amid Retail Sales Data
• Positive Sentiment: Potential large technology IPOs, including Anthropic, could add another high-profile growth company to the Nasdaq ecosystem and potentially reinforce investor interest in technology-focused funds. Any direct benefit to QQQ would depend on the company’s eventual listing and index eligibility. Millions of 401(k) Holders Could Be Forced to Buy Anthropic Stock
• Neutral Sentiment: Investor sentiment is mixed: cooling inflation supports equities, but a historically elevated CAPE ratio and concerns about credit-market stress suggest that QQQ’s strong rally has left it vulnerable to volatility and profit-taking. What An All-Time High CAPE Ratio Implies for Investors
• Negative Sentiment: Investor Michael Burry has increased his bearish position against the QQQ ETF despite losses. The trade does not change the fund’s holdings, but it highlights skepticism about elevated technology valuations and may weigh on sentiment. Michael Burry Ramped Up His Bets Against Micron and the QQQ ETF

Invesco QQQ Profile

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.